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Revisiting the uncertain unit root in GDP and CPI: Testing for non-linear trend reversion 2008 (English)In: Economics Letters, ISSN 0165-1765, E-ISSN 1873-7374, Vol. 100, no 2, p. 221-223Article in journal (Refereed) Published

Abstract [en]

We test for the presence of a unit root in U.S. GDP and CPI, allowing for non-linear trend reversion under the alternative hypothesis. In contrast to most previous results, we find evidence in favour of trend stationarity for both variables.

Place, publisher, year, edition, pages

Elsevier, 2008. Vol. 100, no 2, p. 221-223

Keywords [en]

unit-root test, exponential smooth transition

National Category

Economics

Research subject

Economics

Identifiers

URN: urn:nbn:se:oru:diva-61061DOI: 10.1016/j.econlet.2008.01.013ISI: 000257918400015Scopus ID: 2-s2.0-79251528737OAI: oai:DiVA.org:oru-61061DiVA, id: diva2:1141767

Available from: 2017-09-15 Created: 2017-09-15 Last updated: 2021-03-02Bibliographically approved

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Österholm, Pär

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Österholm, Pär

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Economics Letters

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